Karachi: Standard Chartered Pakistan has been awarded a comprehensive USD 72 million working capital mandate along with an arrangement for collections & cross-border payments by Dawlance and its group entities in Pakistan. The arrangement covers a variety of banking products that further solidify Standard Chartered’s position as a trusted banking partner for global corporations operating in Pakistan.
Under the arrangement, SC Pakistan will deliver end-to-end solutions to support the working capital, cross-border payments and collections needs of Dawlance and its group entities. The partnership is a testament to the bank’s strong network, on-the-ground capabilities, robust digital infrastructure, and a deep understanding of both local and cross-border financial ecosystems.
The agreement was signed by Shada El Borno, the Regional Head of Global Subsidiaries UAE, ME & Pakistan, and Umar Ahsan Khan, the Chief Executive Officer of Dawlance. Also present at the signing ceremony were Motasim Hasan Iqbal, Managing Director, Head Transaction Banking Corporate Sales from Africa ME Standard Chartered, and Farhan Akram, Chief Financial Officer of Dawlance Pakistan.
Commenting on the arrangement, Arslan Nayeem, Head of Coverage, Standard Chartered Pakistan, said: “We are delighted to take on this significant mandate for all Beko companies operating in Pakistan. This agreement underscores our capability to provide value-added solutions that drive our clients’ growth and operational efficiency. Standard Chartered is dedicated to assisting multinational clients in confidently navigating Pakistan’s dynamic landscape with agility and innovation.”
Commenting on the arrangement, Umar Ahsan Khan stated, “Dawlance’s decision to entrust Standard Chartered with this important mandate highlights their robust network, expertise in innovative solutions, and unwavering commitment to fostering our business growth. We are confident that this partnership will streamline our operations and generate lasting value for our stakeholders.”
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About the Standard Chartered PLC
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About the Standard Chartered Pakistan
Standard Chartered Bank (Pakistan) Ltd. is the oldest and largest international bank in Pakistan
since 1863. It is also the first international bank to be awarded Islamic banking licence and the
first to open an Islamic banking branch.
The Bank serves Corporate, Commercial & Institutional Banking (CCIB) and Consumer Private Business Banking (CPBB) Clients through a comprehensive suite of products and services. Corporate Commercial & Institutional Banking comprises Global Subsidiaries, International Corporates, Local corporates and small & medium size clients, Financial Institutions and Sovereign clients. The product and services offered include deposits & cash management, trade, advisory services, secured lending, structured financing, FX forwards and derivatives. Consumer Private Business Banking serves priority, premium, personal and business banking clients. The product and service offering include wealth management, deposits, secured lending (mortgages, overdrafts etc.) and unsecured lending (credit cards, personal loans etc.). All segments offer a complete suite of Islamic banking products and services under Standard Chartered Saadiq brand and state of the art digital banking solutions.
Standard Chartered Bank (Pakistan) Limited is listed on the Pakistan Stock Exchange (PSX)
and was assigned a rating of AAA / A1+ by PACRA.
The Bank employs more than 2,500 people in Pakistan and has a network of 209 touch points
(40 branches, 134 ATMs and 20 CDMs) across 10 cities.
Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.
